American Economics Thread
- Thread starter Bernard
- Start date
Consumer sentiment plummets to record low as Iran war jacks up inflation
Consumer sentiment plummeted to its lowest level on record due to frustration with price spikes from the US-Israeli war with Iran.
The University of Michigan’s latest consumer survey released Friday showed that sentiment declined 11% early this month to a reading of 47.6, lower than anything seen in the post World War II era, including during the Great Recession, the pandemic downturn and the historic inflation surge afterward.
Consumer sentiment plummeted to its lowest level on record due to frustration with price spikes from the US-Israeli war with Iran.
The University of Michigan’s latest consumer survey released Friday showed that sentiment declined 11% early this month to a reading of 47.6, lower than anything seen in the post World War II era, including during the Great Recession, the pandemic downturn and the historic inflation surge afterward.
I think this man knows what he is talking about given the extent of his connections among the rich and powerful.
The Epstein class and apologists need to realize that forced reeducation in XJP Thought is the best case scenario for them… Better take the deal when it is still early!
So the job is down but the factory is booming. And it related to "totally not bubble AI" which average Joe definitely don't have much use. So the story is same as always: big fat rich share holders capitalist get richer while the average Joe poorer and jobless. Good luck Americans.
@abenomics12345 what are your thoughts?
I already made it abundantly clear elsewhere. It's fucked up and it will eventually implode. Just get out before it does.
Craig Fuller is also on the spectrum (look up his China-takes). What he also doesn't discuss is - dollars spent in construction =/= effective output capacity.
FriedRiceNSpice
Major
Why implosion and not long term decline like what happened to the UK? Can't the vassals (Europe, Japan, SK, North America, South America, GCC, Australia) be squeezed harder to prop up and soften the velocity of decline?
The whole thing is over leveraged. You can’t fill a hole this big.